Econosights: Global labour markets are worse than they appear

Econosights: Global labour markets are worse than they appear Key points Global labour markets have proved resilient during the COVID-19 shock. One of the reasons for this is the utilisation of wage subsidy schemes. These schemes mask stood down or underutilised workers, keeping the unemployment rate artificially lower than it would be otherwise. The labour force participation rate has also plummeted in developed countries which has helped to keep the unemployment rate down. These discouraged …

Getting started in property | Q&AMP

Getting started in property Buying your first home is exciting but can also be overwhelming. It’s one of the biggest purchases you’ll ever make in your lifetime, so it’s critical that first-home buyers are informed about the home-buying process that lies ahead. AMP Senior Home Loan Specialist Aarti Joshi and AMP Senior Personal Banker Nick Stavroulakis join our host AMP Capital Senior Economist Diana Mousina to discuss what you need to know before you start …

Super – so what? | Money & Life

  Super – so what? For some people, super may be the most valuable asset they’ll ever have. So it makes sense to know how much they have and how it’s invested. But it’s very often the case that young people, in particular, see super as being something that’s of low concern. So how can the super industry get young people interested in something they won’t benefit from for years to come? With home ownership …

Retirement planning: new insights on what clients need most | Money & Life

Retirement planning: new insights on what clients need most What can make the biggest difference to wellbeing in retirement? According to the new Best Possible Retirement Index (BPR Index©) from CoreData, having more in super savings isn’t always the answer to living a better life in retirement. Typically, Australians worry about money more than they worry about anything else and this can have many negative impacts on our lives. The good news is that financial …

Retirees, COVID-19, and options on the table during a market crash | AMP Capital

Retirees, COVID-19, and options on the table during a market crash The spread of coronavirus has been followed by some of the biggest plunges in share markets since the Global Financial Crisis (GFC), both here in Australia and around the world. There’s nothing new about a market correction, but for those close to retirement it can be a nerve-wracking experience. If you’ve checked your superannuation balance over the last week, you may need a stiff …

Holding your nerve – why retirees fear a market plunge

The spread of coronavirus has been followed by some of the biggest plunges in share markets since the global financial crisis (GFC), both here in Australia and around the world. There’s nothing new about a market correction, but for those close to retirement in can be a nerve-wracking experience. If you’ve checked your superannuation balance over the last week, you may need a stiff drink. For investors, or anyone with super, the general advice is …

Where does all my money go? Save money on your three biggest expenses

Where does all my money go? Save money on your three biggest expenses The three biggest drains on our money are paying for housing, food and transport. And there’s no getting away from the fact that it is unlikely we can live without any of the “big three”. Here we look at some ways of how to save on these items. Saving on rent in the Big Smoke It can be hard to save money …

What’s your biggest obstacle to financial success?

What’s your biggest obstacle to financial success? Science reveals how our human-hardwiring can get in the way and cost us much more than we think. As humans we have changed a lot over time. Vast periods of time have seen us adapt and evolve—from hunting for food to ordering online and as our behaviour has changed, our brains have developed. But even though we no longer live in caves, some of our ancient hardwiring still …